How is the Evaluation Process of the Houses Near Shopping Malls?
Shopping centers are not just a building where brands and markets are located. They are the structures that breathe into the region, open a new life hole in the region, and bring vitality to the region. Shopping centers, which are seen as the centers that keep the city's economy alive, also increase the quality of life of the regions where they are located. In today's world where every second is extremely valuable, it is important to be close to consumption needs and needs. Therefore, individuals in the society want to continue their lives in houses where they can easily meet these needs.
When shopping centers are built in Turkey, even outside the city, we see that the city grows towards that region. A mall built in a place ensures the circulation of people to that area. This movement accelerates the infrastructure works in the region and increases the transportation opportunities. Investments are suddenly directed to that region; because the circulation of people is not only to the stores in the shopping mall; It will also be directed to other districts in the region. The area where the shopping centers are located will be engraved in the memory of other people in the city and thus become a known neighborhood. This is very important for the valuation process of residences close to shopping centers.
Being Close to A Mall: The Effect of Shopping Malls on Housing Prices
The shopping center built in a new region in Turkey also affects the valuation process of the houses close to the shopping centers. The region selected according to the analysis and ground evaluation criteria of construction companies maximizes human mobility. Wherever a shopping mall is established, the rhythm of the city begins to beat there. This increases the value of the houses in the region day by day. Now let's look at how shopping malls increase the economic value of houses.
- Human Mobility
With the opening of a shopping center in a region, the human circulation of the city begins to move towards that region. Today, many shopping centers; It has become not only a shopping center where the needs are met, but also the socializing places of the society. It makes the region an attractive center with concerts, book signings, various events and entertainment areas. Human mobility is constantly increasing, and this means that the surrounding settlements; It causes an increase in the value of lands, real estates and houses.
- Increasing Awareness of Neighborhoods with the Shopping Mall
The mall increasing human mobility causes the name of the region/environment to be frequently spoken and internalized by other people living in the city. As the awareness of the region increases day by day, the desire to live in that region will increase and your real estate will gain value. This situation plays an active role in the valuation process of the houses close to the shopping malls and the houses are valued with an increasing awareness day by day.
- Shopping Centers as Areas Where Needs are Easily Met
The most valuable thing for today's people is time. In this age where every second we live becomes precious and time losses reach unbearable dimensions, it is extremely important to meet the needs quickly. People who spend most of the day at work and cannot find time to rest, are wasting time by going to other parts of the city if there is no shopping mall to meet their needs. But those whose houses are close to the shopping center are very lucky in this regard. Instead, they can spend the time they would spend on meeting their needs with their loved ones. Saving time to meet the needs positively affects the valuation process of the houses close to the shopping malls and the values of the houses in the neighborhood increase.
- Services Brought to the Regions Where Shopping Centers Are
Increasing human mobility also increases the infrastructure investments to be made in the region. Municipalities also want to serve this human mobility in the best way possible. For example, transportation opportunities to the region are increased. With the diversification of public transportation vehicles, the solution of transportation problems of private vehicles and the solution of parking areas, other real estates in the region are starting to multiply in value. The valuation of residences close to shopping malls is a natural result of this process.
- Development of Trade in the Region
The presence of well-known brands and markets does not only create mobility within the shopping mall. Due to human circulation, workplaces will be opened in other parts of the region as well, and this will create a center where all the needs of the residents are met. Thus, as a developing commercial area, the value of residences close to shopping centers is increasing.
Turkey and shopping malls
In Turkey, which has a strong bazaar tradition, the first shopping malls emerged in the late 1980s with the return of modernization. Demand has increased day by day as free market conditions have created a new structuring process and imported goods have entered our lives day by day. The widespread use of credit cards, the increase in foreign relations, and the introduction of more brands into our lives have led to an increase in the number of shopping malls day by day.
Shopping malls in Turkey both reveal the weight of their own sector and shape the real estate sector with the trade volumes they create in their fields. In order to increase the value of the real estate in the region, a shopping mall is built and the region is turned into a center of attraction for the city. One of the most important activities for the promotion of real estate is the proximity of the real estate to the shopping center. According to researches, the value of houses close to shopping malls increases.
